Zayo Group (ZAYO) Earning Somewhat Positive Press Coverage, Accern Reports
News articles about Zayo Group (NYSE:ZAYO) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Zayo Group earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 45.9918801120553 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- ETFs with exposure to Zayo Group Holdings, Inc. : November 30, 2017 (finance.yahoo.com)
- Zayo : New Cross Pacific Cable Landing US Backhaul Group Selects Zayo for Dark Fiber (4-traders.com)
- Putting the Heat on PACCAR Inc (PCAR), Zayo Group Holdings, Inc. (ZAYO) – Market Movers (financialqz.com)
- Zayo to Acquire Spread Networks – Business Wire (press release) (businesswire.com)
Several equities analysts have commented on the stock. UBS assumed coverage on shares of Zayo Group in a research report on Tuesday, October 17th. They issued a “buy” rating for the company. Cowen reissued a “buy” rating on shares of Zayo Group in a research report on Friday, November 10th. TheStreet raised shares of Zayo Group from a “c” rating to a “b-” rating in a research report on Tuesday, October 17th. BidaskClub raised shares of Zayo Group from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Zayo Group in a research report on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $38.46.
Shares of Zayo Group (NYSE ZAYO) traded down $0.01 on Thursday, hitting $35.34. 2,086,918 shares of the stock were exchanged, compared to its average volume of 2,347,337. Zayo Group has a fifty-two week low of $29.30 and a fifty-two week high of $36.79. The firm has a market cap of $8,830.95, a price-to-earnings ratio of 79.33, a price-to-earnings-growth ratio of 14.53 and a beta of 0.56. The company has a debt-to-equity ratio of 3.81, a current ratio of 0.91 and a quick ratio of 0.91.
In related news, major shareholder Fund X/C Lp Gtcr sold 4,700,000 shares of Zayo Group stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $34.35, for a total transaction of $161,445,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Matt Steinfort sold 812 shares of Zayo Group stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $34.95, for a total transaction of $28,379.40. The disclosure for this sale can be found here. Insiders sold a total of 9,637,348 shares of company stock worth $338,372,529 over the last 90 days. Company insiders own 5.20% of the company’s stock.
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Zayo Group Company Profile
Zayo Group Holdings, Inc provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure to a range of businesses. The Company operates in five segments: Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other.
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